The capture theory suggests that regulators may end up working for the interests of the firms being regulated rather than the consuming publiC.

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The capture theory argues that regulatory agencies may become too closely aligned with the industries they are supposed to be regulating and end up prioritizing the interests of those industries over the interests of consumers. This can happen when regulatory agencies become too reliant on the expertise and resources of the industry they regulate, leading to a revolving door between regulators and the regulated firms, or when regulators face political pressure to prioritize industry interests over broader public interests.

The Capture Theory Suggests That Regulators May End Up Working